Swedbank AB (publ) (OTCMKTS:SWDBY) Trading Up 1.6%

Swedbank AB (publ) (OTCMKTS:SWDBY) traded up 1.6% on Thursday . The company traded as high as SEK 20.97 and last traded at SEK 20.74. 6,600 shares were traded during trading, a decline of 51% from the average session volume of 13,569 shares. The stock had previously closed at SEK 20.41.

Wall Street Analysts Forecast Growth

Separately, Barclays cut Swedbank AB (publ) from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 24th.

Swedbank AB (publ) Price Performance

The stock has a 50 day moving average of SEK 20.27 and a 200 day moving average of SEK 20.41. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.53 and a quick ratio of 1.53.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported SEK 0.72 earnings per share for the quarter. Swedbank AB (publ) had a net margin of 26.65% and a return on equity of 18.20%. The company had revenue of SEK 1.74 billion during the quarter. On average, sell-side analysts predict that Swedbank AB will post 2.25 earnings per share for the current fiscal year.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.